Browsing: NZD/USD Forecast

The New Zealand dollar had an interesting week, rising on USD weakness. The upcoming week is already packed with events. The milk auction stands out. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The US dollar resumed its rise following the NFP, but the kiwi held its ground. The greenback then tumbled down on the Donald Disappointment. The President-Elect failed to mention fiscal stimulus in his press conference while he did talk down pharma companies and demanded that companies stay in the US. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: FPI: Sunday, 21:45. The Food…

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The New Zealand dollar traded in range during the first week of 2017. Yet again, we have a single event on the calendar. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Milk prices turned south once again, this time dropping by 3.9%. This kept the kiwi under 0.70. In the US, data was mostly positive at first, but things turned sour later on. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: ANZ Commodity Prices: Thursday, 00:00. The commercial bank’s measure of commodity prices jumped by 2.7% back in November. A more moderate number is likely now.…

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The New Zealand dollar had a calm holiday week after enjoying positive data beforehand. The first week of 2017 features the milk auction, always a market mover for the kiwi. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Before Christmas, New Zealand enjoyed a strong GDP report: the economy grew by 1.1% in Q3, much better than expected. On the other hand, milk prices slid by 0.5% and the trade balance deficit came out wider than expected, at 705 million. In the US, GDP also beat expectations but during the holidays, the greenback treaded water. NZD/USD daily graph with support and resistance lines…

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The New Zealand dollar managed to edge up once again, in a week that saw a lot of back and forth. Two events are on the agenda this week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Milk prices advanced once again, rising by 3.5%, keeping the kiwi bid. Also, commodity prices followed with an increase. RBNZ Governor Wheeler did not say anything earth-shattering. In the US, data continued looking good enough ahead of the upcoming FED decision. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: Manufacturing Sales: Monday, 21:45. This is a quarterly release. In…

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The New Zealand dollar enjoyed the second week of modest rises, but things were not really straightforward. The milk auction as well as a speech from RBNZ governor Wheeler stand out. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The RBNZ’s financial stability report did not rock the boat, but OPEC’s agreement had an indirect and positive effect on the kiwi. Commodity currencies enjoyed the decision on oil. In the US, data was mostly positive, with a beat in GDP as well as other good news, but the consolidation continued. NZD/USD daily graph with support and resistance lines on it.…

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The New Zealand dollar  traded in a narrower range, dipping under 0.70 but recovering as well. The RBNZ sticks out in the first week of the last month. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The US dollar continued to move higher on the “Trump effect”, but this wasn’t as stark as previously seen. In New Zealand, the trade balance deficit squeezed to 846 million, better than predicted and also credit card spending accelerated. However, core retail sales fell short. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: RBNZ Financial Stability Report: Tuesday, 20:00.…

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The New Zealand dollar continued tumbling down after the dollar continued surging on Trump. The earthquake in New Zealand delayed some publications. The upcoming week features three events. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Milk prices continued rising, with another +4.5% in the latest GDT Price Index. Retail sales rose by 1.5% in Q3, but the core sales number is still awaiting. This is better than 0.9% seen beforehand. Despite the positive news, the greenback’s sweep on Trump’s Triumph pushed NZD/USD lower. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: Core retail sales:…

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The New Zealand dollar had a terrible week, reversing the gains seen beforehand, as Trump’s Triumph hurt it hard and the RBNZ’s rate cut did not help. The upcoming week features retail sales among other events. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The Reserve Bank of New Zealand cut interest rates to 1.75% as expected and the door remains open for more cuts. This does not bode well for the kiwi. In the US, Trump’s victory in the elections was a shocker that left commodity currencies bleeding and the kiwi was not spared. NZD/USD daily graph with support…

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The New Zealand dollar had an excellent week, riding higher alongside jobs. Apart from the US elections, the RBNZ rate decision stands out, with a potential for a rate cut. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand reported a jump of 1.4% in employment in Q3, with a drop of the unemployment rate to 4.9%. Together with a leap in milk prices worth 11.4%, and worries about the US elections, the kiwi surged. Stable inflation expectations and a positive change of mood towards the elections cooled it down just a bit. NZD/USD daily graph with support and resistance…

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